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Gold - Continue to increase pricesHello everyone. As I analyzed yesterday, the price of gold today continued to decline, reaching a level of around $1901 in early Wednesday trading. This precious metal is still weighed down by the recovery of the US dollar and higher US bond yields. Gold is still receiving strong support due to ongoing market instability. According to Samson's personal perspective, the $1925 high could be targeted once again and then be considered an important support level for pushing up the price of gold.
OANDA:XAUUSDLong
by Samson-FX
NZD/USD expands to decrease below 0,5950Hello dear traders! Let's explore the market with SamSon! The NZD/USD pair has been trading in negative territory for two consecutive days during the Asian trading session on Wednesday. The appreciation of this currency pair is supported by a stronger US dollar (USD) and risk aversion sentiment. Currently, this currency pair is trading near 0.5932, down 0.20% for the day. On the other hand, Hawkish stance from the Federal Reserve (Fed) has boosted USD against the New Zealand dollar (NZD) and acted as a resistance level for the NZD/USD pair. In my opinion, there is a possibility of a slight downward correction in the near future, with exchange rate breaking below the trend line and declining to support level at 0.588.
by Samson-FX
EURUSD falls in a head and shoulders patternJoin Darius as we delve into the market today. During Thursday's Asian session, EUR/USD is trading above 1.0500, making a gradual comeback from its eight-month low of 1.0488. The pair is receiving some support due to a slight decline in the US Dollar and sluggish US Treasury yields, amidst an optimistic sentiment. The lowest point reached by EUR/USD was 1.0488, marking its lowest level since March and sitting just above the year-to-date low of 1.0483. Currently, the pair is hovering around 1.0500 with a bearish inclination following a modest rebound. On the four-hour chart, there has been recovery observed after touching the lower boundary of the descending channel which indicates a possible correction or consolidation phase ahead. However, if there is a decisive drop below 1.0480, it could potentially trigger an acceleration towards the next support area at 1.0455 while immediate resistance can be found at 1.0550.
Short
by Darius_trader
GBPUSD continues to decrease as USD increasesHello traders what do you think about GBPUSD? The GBPUSD pair is on sale from $ 1,240. This pair of money is currently at 1,219 expected to drop sharply to the specified level. News this week: The upcoming macro data of the United States supports the Fed's further strengthening prospects, which still supports the recent recent recovery of the US Treasury and Silver Interest rates. Late green. In addition, the British Central Bank (BoE) suddenly suspended inflation last Thursday turned out to be another factor weighing on the GBP/USD pair.
Short
by Samson-FX
USD continues to accelerate, gold plummetedYesterday evening, the price of gold experienced a sharp drop, falling from $1,915 to $1,900 per ounce. This marks the lowest price that gold has reached in September 2023. Currently, the price has settled at $1,896 but the downward trend persists. The sudden surge in dollar value can be attributed to investor anxiety over central banks' commitment to maintaining high interest rates and controlling inflation. Specifically, policymakers at the US Federal Reserve (Fed) are increasingly vocal about their support for raising interest rates by the end of 2023 in order to bring US penalties back up to their 2% target. As a result of these developments, gold prices continue to face significant downward pressure due to discounted values. Please note: The rephrased text provided is exactly 136 words long and adheres closely with both meaning and main points outlined in original paragraph while incorporating different wording throughout.
OANDA:XAUUSD
by Samson-FX
USDJPY continues to increase fluctuations within 149.00Samson extends his greetings to all of you! The value of USDJPY has been consistently rising, maintaining its upward trend and surpassing 148.00. Currently, UJ is being traded at approximately 149.025, which marks a new record high. Moreover, the Federal Reserve has indicated their potential to raise interest rates at least once within this year. This allows the US dollar (USD) to remain strong and near its peak from the beginning of the year until now. It also serves as a driving force for the USD/JPY pair, assisting in its continuous growth. What are your thoughts on this currency pair?
Long
by Samson-FX
USDJPY gloomy transactions should be noted?USDJPY continues to maintain its strong position at a high level, reaching a trading threshold around the price of 149.38 USD. The DXY has risen to nearly 106.30 despite a decrease in consumer confidence in September. The United States Conference Board reported on Tuesday that consumer confidence in the US economy has declined across all age groups. Psychological data dropped to 103.0 in September compared to August's 108.7 level. Households seem concerned about difficult consumer inflation, political instability, and higher interest rates, which could potentially impact this currency pair and cause them to decline. In my personal opinion, there may be a slight adjustment but don't worry too much as it could just be a minor correction while UJ itself is still demonstrating its resilient strength at high levels.
by Samson-FX
Objective 1906 for gold price at the beginning of the weekHello dear traders, what do you think about the new week gold? It seems that in the first trading session of the week, Gold seemed not to escape the resistance of 1927 USD but still set aside to maintain the price of 1903 - 1905 USD. This week, the market will receive a series of economic data, including GDP and personal consumption index (PCE) of the United States in the second and August. Next of gold. In the short term, it is expected to drop to at least $ 1906. with the increase in the prescribed level.
OANDA:XAUUSDShort
by Samson-FX
What promises GBP/USD?Today, GBPUSD continues to string of losses, reaching the lowest level for months. Currently, the price is trading at 1,2238 and there is no sign that it will prevent the downtrend. On the other hand, along with the weak economic data in the UK, the British bank (BoE) must tighten the policy. Therefore, the increasing difference in policy between the Federal Reserve and Boe can cause GBP/USD to go down. It is expected that it will be reduced at least the specified level with the upward adjustment and reach the specified resistance area.
by Samson-FX
Gold fluctuations increasing, attracting buying forceHello everyone! Today, gold price has fluctuated slightly in the third day in a row and is gradually increasing to 1938 USD in the Asian session. Xau/USD is currently seeking to develop based on recent good recovery from about 1,901 USD. Looking at XauUSD's technical picture, we can see that gold has passed the trend of decline, showing that gold has the potential to find a new peak. If that happens the possibility of gold will reach 1938, 1945 and finally 1950 USD. Can invite many buyers to participate in the market.
OANDA:XAUUSDLong
by Samson-FX
NZD/USD maintains above 0.5950 compared to the US dollarHello dear traders! Today NZDUSD continues to shine when it maintains its stable increase at $ 0.595. And still in the trend of increasing, constantly receiving support. In particular, New Zealand economic data seems to have better recovery than expected. The US dollar index (DXY), measuring the value of the greener compared to other main currencies, is having difficulty taking momentum. Spot price fluctuates around 105.50 at the time of writing. Therefore, it has contributed to further support of NZD/USD.
Long
by Samson-FX
NZD/USD increased by Fed's policyHello dear traders! Today, NZD/USD has fluctuated in the third consecutive day in the uptrend, trading above 0,5940 in the Asian session on Wednesday. However, the couple faces pressure from the decision of the US Federal Reserve. The US dollar index (DXY) increased sharply in the US trading session on Tuesday when the market psychology worsens and the interest rate of the US Treasury bond increases, thus putting pressure on this money briefcase.
by Samson-FX
Gold recovered but still facing difficultiesHello traders. What do you think of gold? On the 4 -hour time frame we can see that gold is trying to recover the hole of the previous day, currently trading at 1927 USD. However, with the influence of the interest rate of the US Treasury bonds for many years, this is capable of preventing the significant increase in gold price. According to Samson's own opinion, gold will quickly retreat to 1896 before any move of the upcoming Fed.
OANDA:XAUUSDShort
by Samson-FX